Activity on the layer-two blockchain incubated by Coinbase remains hot as March closes, with daily transactions and transaction volumes reaching record levels.
2.27 million transactions took place on Base on March 29 – an all-time record – according to data from a Dune Analytics dashboard created by user @watermeloncrypto.
The increase in daily activity comes after weekly transactions on Base hit an all-time high of around 9.59 million on March 18. The previous weekly high was around 9.3 million in September last year.
Meanwhile, Base network’s weekly revenue also hit a record high on March 18, data showed.
Decentralized exchanges on Base also set record volumes yesterday with a total 24-hour volume of $657.19 million, according to data of Llama Challenge.
March itself wiped out previous months of DEX activity on base. According to the data, $6.67 billion was traded on base DEXs this month, significantly higher than last month’s $1.26 billion.
As The Block reported earlier this week, the base’s total value locked surpassed $1 billion around the same time Coinbase shared plans to store more enterprise and customer USDC balances on the L2.
Sartoshi sends mfercoin to NFT holders
Contributing to the activity on base at this time is the launch of mfercoin by Sartoshi, the founder of the cc0 mfers non-fungible token collection. The mfercoin token was airdropped to mfer NFT holders late last night.
The price of mfercoin is currently $0.23 with a self-reported market cap of approximately $232 million, according to CoinMarketCap.
mfer NFT sales increased by over 6,000% in the last 24 hours, according to data from CryptoSlam – significantly increasing its floor price to 0.719 ETH on OpenSea.
Disclaimer: The Block is an independent media outlet providing news, research and data. Since November 2023, Foresight Ventures has been a majority investor in The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to provide objective, impactful and current information about the crypto industry. Here is our current financial information.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.